The Commodities Feed: European gas tops EUR100 as supply fears grow
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https://think.ing.com/articles/the-commodities-feed-european-gas-breaks-above-eur100-mwh-as-supply-fears-grow291026/
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4 itemsThe Commodities Feed: European gas tops EUR100 as supply fears grow
The Commodities Feed: European gas tops EUR100 as supply fears grow
The current trajectory of European natural gas prices suggests significant upward pressure due to mounting supply fears. As highlighted in the recent commentary, prices have surpassed EUR100/MWh for the first time since 2022, driven by geopolitical tensions and supply disruptions. Per the full note from ING, factors such as extended force majeure declarations from QatarEnergy and unplanned outages in Norwegian gas supplies underline the tightening supply situation. Consequently, this spike in energy costs is already prompting adverse effects on industrial demand across Europe, especially in energy-intensive sectors like chemicals.